Volvo's First All-Electric Vehicle Will compete With Tesla's Model 3

"We've developed meaningful hardware and software to make the Polestar 2 a auto so distinctive, so personal and so innovative it will electrify your drive." said Ingenlath.

The new "Tesla killer", designed specifically to compete with the fast-selling Model 3, is a premium five-door fastback with two electric motors. As for the base model Tesla Model 3, that has only 260 miles of range but does cost a bit less than the Polestar 2's eventual base price of $45000, starting at $42,900.

Built on the modular CMA architecture as the XC40, the Polestar 2 has the battery pack mounted on the floor for optimal centre of gravity and weight distribution along with increase in chassis rigidity. The placement of the car's battery pack adds to that, the extra weight serving to keep the vehicle's tires on the road, regardless of the driving conditions. Looking at the data sheet, the Polestar 2 is similar in dimensions with the new Mercedes-Benz A-Class sedan, Audi A3 sedan and BMW 1 series sedan. The dual electric motors of the Polestar 2 will be connected to a 78kWh battery pack with which Polestar is targetting an all-electric range of 500 kilometres. According to Polestar, it will get from 0-60 miles per hour in under 5 seconds but no specifics were given.

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Polestar CEO Thomas Ingenlath with the Polestar 2. As-standard Öhlins dampers and Brembo brakes, along with a performance-minded chassis, should make the Swede very fun to drive. These include Google Assistant, Google Maps (with support for electric vehicles), and the Google Play Store.

The system is projected onto an 11.0-inch portrait-oriented touchscreen, which forms part of the entirely vegan interior. Polestar owners auto use their cars for vehicle sharing, pick-up or deliver items because of the integration of smartphone-based services.

In common with all Polestar cars, Polestar 2 will only be available for ordering online. The phone-as-key feature enables the auto to sense the driver on approach and gives the charging status and range onto the driver's phone.

Polestar 2 will also be available in a network of soon-to-be-opened Polestar Spaces that will provide physical viewing and test drive opportunities. Once it enters full production next year, the cheapest Polestar 2 configuration will cost around $45,000 (39,900 EUR) while higher-end variants will bump the price up to around $68,000 (59,900 EUR).

Polestar will show off its new vehicle at the 2019 Geneva International Motor Show in March before embarking on a global roadshow across North America, Europe and China over the course of 2019.

Production of the electric vehicle in both right and left-hand-drive versions is to start in 2020 in southeast China, according to the automaker.

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